Auto enrollment Archives - Pension Policy International

May 2023

05MayMay 5, 2023

US. Auto-Enrollment Gains in Popularity Among Retirement Plan Participants

Automatic enrollment, one of many retirement saving tactics expected to increase in frequency due to the passage of the SECURE 2.0 Act of 2022, are favored at an all-time high, new data from American Century shows. Among retirement plan participants surveyed in late 2022, 71% agreed employers should auto-enroll workers at a 10% default, compared with 47% in 2021 and 46% in 2020, according to the American Century Investments 10th Annual Retirement Savers Survey: Reflection, Risk and Resolve. While survey respondents...

May 5, 2023

NewsAuto enrollment, savings, US

June 2022

15JunJune 15, 2022

UK. Work and Pensions Committee to examine auto-enrolment pension contributions and pensions for gig-economy and self-employed workers

The Work and Pensions Committee inquiry into saving for later life continues with an evidence session featuring witnesses from unions, business federations, and representatives from Uber, Nat West, Tata, and Co-Op. Purpose of the session MPs are expected to examine whether the UK’s pension system is still fit for purpose, 20 years after the pensions commission was first set up. The Committee is likely to explore whether auto-enrolment minimum contribution rates should rise and how employers and trade unions can help put...

June 15, 2022

NewsAuto enrollment, Informal Sector, UK